Jim, Tim, and Franklin

Where are Jim, Tim, and Franklin now?

 

Just in case you might have wondered how their ineptitude affected their lives after they ruined so many dreams and lives………

Where are Jim, Tim and Franklin now? Here’s a quick look into the three former Fannie Mae executives who brought down Wall Street.

 

Franklin Raines – was a Chairman and Chief Executive Officer at Fannie Mae. Raines was forced to retire from his position with Fannie Mae when auditing discovered severe irregularities in Fannie Mae’s accounting activities. Raines left with a “golden parachute valued at $240 Million in benefits. The Government filed suit against Raines when the depth of the accounting scandal became clear.

 

Tim Howard – was the Chief Financial Officer of Fannie Mae. Howard “was a strong internal proponent of using accounting strategies that would ensure a “stable pattern of earnings” at Fannie. Investigations by federal regulators and the company’s board of directors
since concluded that management did manipulate 1998 earnings to trigger bonuses. Raines and Howard resigned under pressure in late 2004. Howard’s Golden Parachute was estimated at $20 Million!

 

Jim Johnson – A former executive at Lehman Brothers and who was later forced from his position as Fannie Mae CEO. Investigators found that Fannie Mae had hidden a substantial amount of Johnson’s 1998 compensation from the public, reporting that it was between
$6 million and $7 million when it fact it was $21 million.” Johnson is currently under investigation for taking illegal loans from Countrywide while serving as CEO of Fannie Mae. Johnson’s Golden Parachute was estimated at $28 Million.

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WHERE ARE THEY NOW?
 
 

FRANKLIN RAINES?

Raines works for the Obama Campaign as his Chief Economic Advisor.

 

TIM HOWARD?

Howard is a Chief Economic Advisor to Obama under Franklin Raines.

 

JIM JOHNSON?

Johnson was hired as a Senior Obama Finance Advisor and was selected to run Obama’s Vice Presidential Search Committee.

 

Our government is rotten to the core ! Are we stupid or what?

Vote in 2012.. it is the most important election of our lives…

 
 
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6 Responses to “Jim, Tim, and Franklin”

  1. USMC-1969 says:

    franklin delano raines also went on to bankrupt CCX, (chicago Climate Exchange) but that was a good thing. Truth be known, he very well may have sat on the board at solyndra. The man is pretty much a failure at any task he is given. It is a good thing he is involved in barry’s re-election effort. Axe will have to double down to overcome his glaring incompetence.

  2. Blood says:

    Marine. I read somewhere thar Raines is now a millionaire because of his time with Freddie/Fannie. This whole outfit is as crooked as can be. Why are they letting off BFing Barney and Dodd off?? they are up to their ass in this mess!

  3. right wing blonde says:

    I hear you Blood. Frank and Dodd were largely responsible for the mess in which we find ourselves. Then Obama selects THEM to write the idiotic Finance bill.

  4. consiglieri says:

    Hey pretend lawyers, not one of the three men written about in this hit-piece have ever been convicted of anything. For your information, neither has Frank or Dodd. Go back to commenting about something you know. Try how to housebreak a new puppy.

  5. Gabriel says:

    Moos…”Pretend Mob Dude,” excellent name. Wonder if he has placed any horses heads in beds lately.

    News you can use.

    http://floppingaces.net/2012/05/23/barack-obama-has-turned-the-us-economy-into-a-hollywood-blockbuster-unfortunately-its-thelma-and-louise-reader-post/

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